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Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Scheduled Maturities of Debt, Including Scheduled Principal Amortization | At September 30, 2023, the future principal payments of debt, including scheduled maturities and amortization, for years ending December 31, were as follows:
(In thousands) |  |  |  |  | Principal Payments |
October 1 through December 31, 2023 |  |  |  |  | $ | 8,424 |  |
2024 |  |  |  |  | 83,981 |  |
2025 |  |  |  |  | 303,085 |  | (a)
2026 |  |  |  |  | 162,468 |  |
2027 |  |  |  |  | 123,792 |  | (b)
2028 |  |  |  |  | 41,863 |  |
Thereafter |  |  |  |  | 636,763 |  |
Principal amount |  |  |  |  | 1,360,376 |  |
Unamortized deferred debt costs |  |  |  |  | 17,064 |  |
Net |  |  |  |  | $ | 1,343,312 |  |
(a) Includes $251.0 million outstanding under the Credit Facility. (b) Includes $100.0 million outstanding under the Credit Facility.
Interest Expense and Amortization of Deferred Debt Costs | Interest expense, net and amortization of deferred debt costs for the three and nine months ended September 30, 2023 and 2022, were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Interest incurred | $ | 17,072 |  |  | $ | 13,627 |  |  | $ | 48,852 |  |  | $ | 38,408 |
Amortization of deferred debt costs | 564 |  |  | 486 |  |  | 1,687 |  |  | 1,428 |
Capitalized interest | (5,154) |  |  | (3,002) |  |  | (13,768) |  |  | (7,663) |
Interest expense | 12,482 |  |  | 11,111 |  |  | 36,771 |  |  | 32,173 |
Less: Interest income | 63 |  |  | 8 |  |  | 253 |  |  | 11 |
Interest expense, net and amortization of deferred debt costs | $ | 12,419 |  |  | $ | 11,103 |  |  | $ | 36,518 |  |  | $ | 32,162 |

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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
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